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- China is spreading with 125 % definitions after the duties of the United States to 145 %; Beijing calls this step a “joke”.
- The feeling of American consumers decreased by 50.8, while short and long -term inflation expectations rise.
- GDP outputs the GDP in the UK with 0.5 % growth in February, helping to compensate for global uncertainty and strengthening the British pound.
The pound sterling (GBP) extends its gains against the US dollar (USD) with the escalation of the trade war between the United States of China, as Beijing imposed a tariff of 125 % on American goods. Commercial policies continue to pay price procedures, with Economic data Take the back seat. At the time of writing this report, GBP/USD is traded at 1.3067, an increase of 0.77 %.
GBP/USD jumps by 0.77 % amid deepening the trade war and weak American data; The UK’s growth surprise provides support for the British pound
Breaking news revealed that China has avenges US President Donald Trump’s decision to increase fees to 145 % on Chinese products. Beijing described the move as a “joke” and said it no longer considered them worthy of matching.
The economic list revealed that the American consumer feelings deteriorated, according to the University of Michigan. The index fell from 57.0 to 50.8 in April. Inflationes increased for one year from 5 % to 6.7 %, and for a period of five years, increased from 4.1 % to 4.4 %.
The US Product Prices Index (PPI) decreased from 3.2 % to 2.7 % year on an annual basis in March, below 3.3 % estimates. Nevertheless, the basic product price index remained higher than a 3 % threshold at 3.3 % on an annual basis, less than 3.5 % in February and less than 3.6 % expectations.
During, Federal Reserve (FED) The loudspeakers crossed wires. Menaabolis Neil Kacquary said the consumer price index report contains good news, although it reaffirmed that inflation is still high. Susan Collins, Susan Collins, said in Boston Expectations For this year, high inflation and slower growth, while St. Louis nourishes Alberto Mosaleem that inflation may even climb with a reduction in the labor market.
Through the blessing, the UK economy grew over estimates, increasing 0.5 % in February, overcoming economists’ estimates and providing some relief to Chancellor Rachel Reeves.
GBP/USD price expectations: Technical expectations
Looking at the background, the uncertainty about the trade keeps the GBP/USD trading higher than the number 1.30. This opens the door to re -test the six -month -old summits reached on April 3 at 1.3207, which, with simply cleansing, puts the number 1.3300 to seize. The RSI indicator shows that buyers collect momentum.
On the other hand, then GBP/USD Less than 1.30 declines, immediate support appears on April 11, low 1.2968. The last breach will display 1.2900 and the simple moving average for 200 days (SMA) at 1.2815.
British pound price this week
The table below shows the percentage of change in the British pound (GBP) against the main currencies listed this week. The British pound was the strongest against the US dollar.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | -3.23 % | -1.27 % | -1.38 % | -2.44 % | -3.04 % | -3.57 % | -4.63 % | |
| euro | 3.23 % | 2.32 % | 2.57 % | 1.45 % | 0.12 % | 0.26 % | -0.84 % | |
| GBP | 1.27 % | -2.32 % | -1.05 % | -0.85 % | -2.12 % | -2.01 % | -3.09 % | |
| JPY | 1.38 % | -2.57 % | 1.05 % | -1.06 % | -0.74 % | -1.03 % | -2.98 % | |
| CAD | 2.44 % | -1.45 % | 0.85 % | 1.06 % | -0.95 % | 1.15 % | -2.51 % | |
| Aud | 3.04 % | -0.12 % | 2.12 % | 0.74 % | 0.95 % | 0.12 % | -0.98 % | |
| Nzd | 3.57 % | -26 % | 2.01 % | 1.03 % | 1.15 % | -0.12 % | -1.10 % | |
| Chf | 4.63 % | 0.84 % | 3.09 % | 2.98 % | 2.51 % | 0.98 % | 1.10 % |
The heat map shows the percentage changes in the main currencies against each other. The basic currency is chosen from the left column, while the quotation currency is chosen from the top row. For example, if you choose the British pound from the left column and move along the horizontal line to the US dollar, the percentage offered in the box will represent the GBP (Base)/USD (quotation).
